John Snow

Treasury Secretaries of Administrations Past Petition For Volcker Rule

Posted 05.25.2011 | Business

Read More: Nicholas Brady, Proprietary Trading, Financial Reform, Obama Reform, John Snow, W. Michael Blumenthal, Prop Trading, Obama Financial Reform, Volcker Rule, Paul Volcker, George Schultz, Paul O'Neill, Treasury Secretary, Business News

The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall ...

Read Whole Story

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 05.25.2011 | Business

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

Read Post

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics

Read More: Steve Martin, Steve Martin Excuse Me, Steve Martin Saturday Night Live, Well Exuuuse Me!, Economy, John Snow Forgot, John Snow, Steve Martin SNL, Gitmo Torture, Phony Intel, Steve Martin I Forgot, Gitmo, Politics News

This week, John Snow, Bush's former Secretary of the Treasury, claimed that one of the causes of the mortgage meltdown was that, in its zeal to increase homeownership, the Bush administration "forgot" that people had to be "able to afford their houses." Perfectly understandable. And it explains so much: Bush and company didn't mean to illegally torture prisoners at Gitmo -- they simply "forgot" torture was illegal. They didn't mean to trample civil rights -- they simply "forgot" about the Constitution. They didn't gin up phony intel to hype us into war -- they simply "forgot" that WMD had to be real. Turns out their guiding principle has been Steve Martin's classic catch-all defense: "I forgot!" So, will Bush's parting words be, "Well, excuuuuuse me!"?

Read Post

Auto bill clears House; Should it pass the Senate, too?

Steve Parker | Posted 05.25.2011 | Business

Read More: Aclu, White House, Congress, 1979 Chrysler Bailout, Brooklyn, George W. Bush, Honda, Mercedes-Benz, Cars, Mazda, Mark Fields, Cerberus Capital Management, Energy Department, General Motors, Buddhist, Hyundai, Nancy Pelosi, Washington, US Senate, Richard Shelby, Barney Dog, Silver Arrows, Uaw, California, Toyota, Bernard Cahier, Detroit Three, John Snow, Democrats, Barack Obama, Ford Motor Co, Robert F. Kennedy, Chrysler, Alabama, Ross Perot, Bush White House, Detroit Three Loans, Roger Penske, Car Czar, Harry Reid, Allard Lowenstein, French Grand Prix, Republicans, Detroit Auto Show, Business News

And now, it's on to the Senate! The House today passed, 237 to 170, HR 7321, the automotive loan bailout bill, and has sent it on to the Senate. H...

Read Post

Crash Test

Amy Ephron | Posted 05.25.2011 | Green

Read More: Gmac, Chrysler, Union Shop, Cerberus Capital Management, General Motors, Hybrid, Bail-Out, Nancy Pelosi, John Snow, Financial Crisis, Harry Reid, Henry Paulson, Auto Industry Bailout, Green News

I know that 600,000 jobs hang in the balance over the auto industry bailout, but wait, I have a solution. Why don't we convert the factories to alternative energy sector plants?

Read Post

Who is a Top Exec at Cerberus/Chrysler?!?!

Steve Parker | Posted 05.25.2011 | Business

Read More: Sarah Palin Dan Quayle, GM Chrysler Deal, Detroit Three, John Snow, GM Chrysler Merger, Cars, Detroit News, Ford, Chrysler Nissan Deal, Nissan Renault, Daimler, Cerberus Capital Management, Phoenix, Dan Quayle, Phoenix Business Journal, Alaska, Treasury Secretary, Business News

Whew! I thought Cerberus might really be in over their heads with their purchase of Chrysler from Daimler. Now that we know Dan Quayle is on the front lines, though, we can sleep a little sounder this evening.

Read Post

Alan Greenspan Joins Hedge Fund

Reuters | Posted 05.25.2011 | Business

Read More: John Paulson, John Snow, Greenspan Hedge Fund, Federal Reserve, D.E. Shaw, Hedge Funds, Alan Greenspan, Lawrence Summers, Cerberus, Business News

Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said on Tuesday that former Federal R...

Read Whole Story

Top 10 Worst Business Deals

Time | Bill Saporito | Posted 05.25.2011 | Business

#1. The Public Invests in Blackstone Group It was only a matter of time before the private equity firms let the public in on the game -- for an infla...

Read Whole Story